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Positive data today does not mean Pound Sterling (GBP) exchange rates sentiment has escaped the recent volatility seen for GBP, so we ask whether this means there are upside risks for INR, AUD and CAD against Sterling.

Foreign exchange markets have seen the British pound to euro rate perform a dramatic U-turn after registering its worst daily levels over the past 24 hours, as the latest ECB developments outweigh Brexit fears.

Foreign exchange Investors have seen the British pound to euro conversion rate rally as markets reacted dovishly to the latest news from the European Central Bank. Despite extensions to QE until 2018, the stimulus was reduced by 20b euros.